The market for orthopedic trauma fixation devices has been witnessing exponential growth due to the absence of reliable substitutes and the increasing incidence of fractures. The rising demand for enhanced facilities during orthopedic trauma surgeries and the growing number of investments via governments and multinational organizations has fuelled the development of the orthopedic trauma fixation devices market.
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The orthopedic trauma fixation devices market comprises a number of devices utilized for treatment of fractures within the human body. The top 3 trends in the orthopedic trauma fixation devices market are as follows:
The segment of plate and screw systems is dominating the market owing to the fact that a large number of surgeons are found to be very comfortable in utilizing plates and screws in case of fracture fixation because these products have superior functionality and quality and have greatly improved over the period of time. For instance, locking plate and screw systems have attained huge popularity within the U.S. market. The hybrid plate and screw system, which is an alternative, has expanded similarly and these systems provide surgeons the flexibility to use either standard type or locking type screws. Due to the versatility of these systems, surgeons are able to decide between the product types they will prefer to utilize in different anatomical conditions. Hence, the plate and screw segment exhibits the most exponential growth within the orthopedic trauma fixation devices market.
Titanium materials have been gaining popularity amongst surgeons in recent years as compared to their stainless steel counterparts. These materials are especially gaining popularity within the plates and screw market, as surgeons prefer using titanium mini and small fragment plates and screws, as these devices are particularly utilized in anatomical features that are moderately sized, including wrists, shoulders, and ankles. Additionally, titanium has a lower weight and higher biocompatibility in comparison with steel. The single exception is the conventional market for hip screws, wherein stainless steel has taken a share of 75% in the market. However, it is anticipated that the segment of stainless steel will exhibit a negative CAGR in the coming years. Owing to the high costs involved in utilizing titanium materials in place of stainless steel and preference for the former regardless of their high costs, the overall orthopedic trauma device market will be accelerated even further.
DePuy Synthes led the market in 2013, representing the largest share in the U.S. orthopedic trauma device market. The dominance of this company is majorly attributed to its control over the intramedullary nail, plate and screw, intramedullary hip screw, external fixation, and, cannulated screw markets. Synthes signed an agreement with Johnson & Johnson, wherein Johnson & Johnson and DePuy took over Synthes. Before the merger took place, Synthes held a strong hand in the orthopedic trauma fixation devices market as compared to DePuy, but after the merger, DePuY Synthes dominated the market owing to the high number of surgeons utilizing their products, and is poised to maintain the same in the forthcoming years.
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